Gold Technical Analysis
Gold is moving in a downward trend on the 4-hour timeframe, with prices currently trading around 3288, after a rejection from the 3295 level, which represents an FVG zone on the 1-hour chart. We notice that price swept the liquidity above Monday’s high yesterday, Tuesday. On the daily timeframe, prices have also formed an IFVG, which supports further downside movement.

Gold Declines Amid Dollar Strength and Fed Minutes Anticipation
Gold fell more than 1% on Tuesday, settling near $3,310–$3,323 per ounce, as U.S. Treasury yields rose to a three-week high and the dollar index gained. Former President Trump's remarks about imposing 50% tariffs on copper, along with threats targeting chips and pharmaceuticals, weighed on safe-haven demand. Optimism about a potential trade agreement led to increased gold selling. Today, investors await the FOMC meeting minutes and the 10-year bond auction, searching for clues on interest rate direction and potential monetary easing starting September.

Liquidity Levels:
Prices are expected to continue declining toward 3275, followed by the next target at 3246.
The current bearish scenario would be invalidated if prices revisit the 3322 level.